HHs and HLs on the relative strength ratio XMR:BTC reinforces the idea that we are currently in phase D of a multi-year accumulation on XMRUSD.
Short term, price can spring the support of the local trading range (dotted line) at $70, but the overall price action is very constructive.
We have discussed this chart in our free Wyckoff Crypto Discussion, check out the last episode:
https://www.youtube.com/watch?v=lNp6y0j1aZc&t=518s
Short term, price can spring the support of the local trading range (dotted line) at $70, but the overall price action is very constructive.
We have discussed this chart in our free Wyckoff Crypto Discussion, check out the last episode:
https://www.youtube.com/watch?v=lNp6y0j1aZc&t=518s
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